Following this sale, Singh maintains ownership of 904,152 shares directly. Additionally, Singh holds several indirect ownership stakes through trusts, with holdings amounting to 750,000, 112,207, 9,476, 234,793, 186,705, and 100,000 shares, respectively. These transactions were conducted under a pre-arranged trading plan, as indicated in the filing. The company demonstrates strong financial health with a current ratio of 2.17 and moderate debt levels, earning a "GOOD" overall financial health score from InvestingPro, which offers 12 additional investment tips and a comprehensive Pro Research Report for deeper analysis. The company demonstrates strong financial health with a current ratio of 2.17 and moderate debt levels, earning a "GOOD" overall financial health score from InvestingPro, which offers 12 additional investment tips and a comprehensive Pro Research Report for deeper analysis.
Following this sale, Singh maintains ownership of 904,152 shares directly. Additionally, Singh holds several indirect ownership stakes through trusts, with holdings amounting to 750,000, 112,207, 9,476, 234,793, 186,705, and 100,000 shares, respectively. These transactions were conducted under a pre-arranged trading plan, as indicated in the filing.
In other recent news, Installed Building Products (NYSE:IBP) acquired Capital Insulation, LLC and CBS & Mirror, LLC, adding over $12 million of annual revenue. IBP also reported a record net revenue of $761 million in Q3 2024. However, Seaport Global Securities downgraded IBP's stock from Buy to Neutral.
Meanwhile, HLMN was named a Top Pick by Benchmark for FY25, and Azek Co. has seen a series of significant developments. Azek's fiscal fourth-quarter earnings exceeded estimates, and the company secured an $815 million credit facility from Wells Fargo (NYSE:WFC) Securities and JPMorgan Chase (NYSE:JPM) Bank. Citi analyst Anthony Pettinari upgraded Azek's stock rating from Neutral to Buy, increasing the price target to $60.
Azek Co. also revised its executive severance plan, aligning it with industry standards. This move was well-received by the executive team, including CEO Jesse Singh. These are the recent developments for these companies, as reported by analysts from various firms including RBC Capital Markets, BMO Capital Markets, and Benchmark.
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